Manufacturers in the advanced aerospace coatings market are rapidly working towards the development of affordable and customizable coating materials to meet the needs of the wide range of aircraft available in the global market.
Services such as custom color matching, reduction in volume and weight, and provisions for technical expertise for applications are some of the major trends that are being currently witnessed and encouraged by advanced aerospace coating manufacturers.
These coating materials, can include paints, sealants, anti-friction or anti corrosion coatings or specialized adhesives, which are expected to find extensive applications by original equipment manufacturers and also by aftermarket service providers.
Safeguarding aircraft from the deteriorating effects of direct exposure to ultra violet rays at high altitudes are one of the key factors that are anticipated to increase the scope of the use for the advanced aerospace coatings market in the near future. Other influential internal and external factors affecting major developments can include:
- Rising numbers of aircrafts in airline fleets especially in developing countries around the world is a key factor that is anticipated to substantially boost the demand for advanced aerospace coatings for the near future. This is supported by faster aircraft delivery projects being executed by aviation giants such as Boeing and Airbus.
- Numerous countries around the globe are also increasing their investments in state of the art manned and unmanned aircraft that are purchased for military purposes. Consequently, advanced aircraft coatings are being developed for specialized functionalities such as high strength sealants, camouflage, and reduction in radar detection, boosting scope of application opportunities for the future.
- Substantial demand for advanced aerospace coatings is also arising out of the global aftermarket service providers. This can be attributed to the rising number of smaller airlines who are leasing out old airplanes from major players for maintaining operations, without high operational investments.
- The higher number of aircrafts also result in a higher requirement for service infrastructure and which includes maintenance, replacement, and overhauls of differing components, thereby boosting the demand for advanced aerospace coatings.
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